Hong Lai Huat’s wholly-owned subsidiary, HLH Agriculture (Cambodia) has, on June 8, entered into a memorandum of understanding (MOU) with Cambodia Hei Shi Mineral Co to collaborate on the exploration and mining of mineral resources at the Cambodia-Singapore Agriculture Hub.
The collaboration has an estimated investment value of US$20 million ($26.5 million).
The MOU states that both HLH Agriculture and Cambodia Hei Shi Mineral regard one another as a strategic partner and will focus on the following aspects within the next three months to enter into a binding agreement.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)